How does it work for cryptocurrency mining equipment as equipment? You don't really physically transfer it or do you?
Hello Stas and thank's for the question ! Mining equipment is used as collateral during the repayment period of installments and physically remains in GigaWatt and is also served there. The income from mining repays installments, after repayment you can do whatever you want - pick up your miner or leave it there .
Best
CT
Hi. And you do not know what is the service life of this equipment? What happens if it breaks and the debt is not paid yet?
Hi! thank you for the question.
In some cases, we can repair the equipment in Giga Watt service center and it will continue to mine. If it can not be repaired we may lose some money on particular loan, that is the risk that we include in our business model when we calculate the interest rate.
Best,
CT.